Federal Realty Investment Trust (NYSE:FRT - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $95.60 and last traded at $95.83, with a volume of 219975 shares traded. The stock had previously closed at $97.12.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Scotiabank reduced their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Mizuho dropped their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Raymond James dropped their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust has an average rating of "Moderate Buy" and a consensus target price of $119.77.
Read Our Latest Analysis on FRT
Federal Realty Investment Trust Price Performance
The firm's fifty day moving average price is $105.21 and its 200 day moving average price is $110.62. The firm has a market capitalization of $8.35 billion, a PE ratio of 28.42, a P/E/G ratio of 2.20 and a beta of 1.27. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The business had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. As a group, equities analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.
Federal Realty Investment Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 128.28%.
Institutional Trading of Federal Realty Investment Trust
A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Federal Realty Investment Trust by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock worth $1,459,947,000 after buying an additional 218,671 shares in the last quarter. Norges Bank acquired a new position in Federal Realty Investment Trust during the fourth quarter worth $810,544,000. JPMorgan Chase & Co. raised its position in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock worth $561,743,000 after acquiring an additional 168,885 shares during the period. Resolution Capital Ltd raised its position in Federal Realty Investment Trust by 12.4% during the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock worth $394,417,000 after acquiring an additional 389,266 shares during the period. Finally, Invesco Ltd. raised its position in Federal Realty Investment Trust by 41.4% during the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock worth $341,833,000 after acquiring an additional 893,258 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.
Federal Realty Investment Trust Company Profile
(
Get Free Report)
Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.
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